Metuchen, N.J. - Phanfare, a provider of online photo and video hosting services, has raised $2.5 million in its third round of funding, led by Azure Capital Partners, VentureBeat reported.

San Francisco - Rooftop Media, a site that offers online stand-up and sketch comedy video and audio files, has raised $2.5 million in its first round of venture capital financing, led by Azure Capital Partners, VentureWire reported.

Burlingame, Calif. - Limbo 41414, the developer of a Web and mobile entertainment product called the Limbo Auction, announced on Wednesday that it has raised $8 million in new financing, led by New Enterprise Associates.